ULTA Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete ULTA options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around ULTA.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

500

Exp: 2026-09-04

Gamma Flip

551.53

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.127

Shows put vs call positioning

IV Skew

-1.60

Put–call IV difference

Max Pain Price Volatility

σ = 75.10

high volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%

Current DPI is 0.296(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-09-18 options expiry. 90% confidence

The support levels for ULTA are at 505.95, 492.48, and 435.46, while the resistance levels are at 529.05, 542.52, and 599.54. The pivot point, a key reference price for traders, is at 500.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 7)

Based on the latest options positioning (DTE 7), the ATM straddle implies a standardized 1.45% 1-day move.

The expected range for the next 7 days is 505.21 — 538.50 , corresponding to +4.06% / -2.38% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 550.67 (6.41% above spot).

Bearish positioning points to downside pressure toward 499.24 (3.53% below spot).

Options flow strength: 0.77 (0–1 scale). ATM Strike: 515.00, Call: 10.50, Put: 9.40, Straddle Cost: 19.90.

Price moves may extend once a direction forms. The short-term gamma flip is near 552.38 , with intermediate positioning around 551.53 . The mid-term gamma flip remains near 551.53.